104 PROJECTS CIC
🏛️Establishedactive
11275867 · private-limited-guarant-nsc · incorporated 2018-03-26
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£22.7k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Cultural education
Sector: Education
ALSO REGISTERED FOR
- 90030Artistic creation
Investor take
Special-situation opportunityDistressed education with salvageable qualities — special-situations priority.
Opportunity 69/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £22,737
Key financials
1 year extracted from filed iXBRL accountsCash
£443
Net Worth
£23k
Current Assets
£39k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 |
|---|---|
| Total assets | £22.7k |
| Current assets | £38.7k |
| Cash | £443 |
| Debtors | £38.3k |
| Net assets | £22.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 officers
Last 90 days
1
filing
- • 1 officers
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-03-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-14➖WOOD, Thom Jackson resigneddirector
- 2025-09-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-03➕WOOD, Thom Jackson appointeddirector
- 2025-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-05📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-18📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2020-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-10📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-11-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-11-04📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2019-05-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-03-26🏢Company incorporatedAs 104 PROJECTS CIC
- 2018-03-26➕EDGAR, Justin appointeddirector
- 2018-03-26➕USBORNE, Alexander Henry appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-02
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Justin Edgar Individual · British · DOB 08/1971 · age 55 | — | 25–50% | board control25-50% voting · board control | 26/03/2018 |
Alexander Henry Usborne Individual · British · DOB 01/1960 · age 66 | — | 25–50% | board control25-50% voting · board control | 26/03/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Education & training · B postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 0728 LTD→ 08162451 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| 1-2-1 DRIVE LTD→ 16173286 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 100K LTD→ 13233186 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 10DAYDRIVE DRIVING SCHOOL LTD→ 16004807 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 11 PLUS BREEZE LTD→ 16547913 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 11 PLUS COURSE LIMITED→ 16096834 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 11 PLUS MOCKS LIMITED→ 09051287 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 11 PLUS XL LTD→ 14362447 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 11 PLUS XL MOCKS LTD→ 16746702 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 17 EAST LIMITED→ 14570510 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 19 WEST LIMITED→ 14570561 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 1ST CLASS DRIVING SCHOOL LIMITED→ 07057333 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeprivate-limited-guarant-nsc
Incorporated2018-03-26
Jurisdictionengland-wales
Primary SIC85520 — Cultural education
Registered office
C/O Bissell & Brown Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-02OVERDUE
Last: 2025-03-19
Officers (2 active · 1 resigned)
EDGAR, Justin→
Activedirector · ~55y · appointed 2018-03-26
View their other companies + combined net worth →
USBORNE, Alexander Henry→
Activedirector · ~66y · appointed 2018-03-26
View their other companies + combined net worth →
WOOD, Thom Jackson→
Resigneddirector · ~36y · appointed 2025-09-03 · resigned 2026-03-14
Click a director name to see their full track record across all companies.
Recent filings (26 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-03-27
appoint-person-director-company-with-name-date
officers · AP01
2025-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-05
change-person-director-company-with-change-date
officers · CH01
2025-03-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-21